Hyland Software
P&C Claims in the Post-Pandemic Era Research Report
Pages
13
Time to read
16 mins
Publication
Language
English
Pages
13
Time to read
16 mins
Publication
Language
English
This research report details the evolution of property and casualty (P&C) claims in the context of the post-pandemic landscape. It outlines how the pandemic has significantly altered claims patterns, necessitating rapid adaptations by insurers. The report identifies three phases of industry response: Initial Tactical Response, Stabilization and Positioning, and Digital Acceleration. Each phase reflects the industry's efforts to manage claims amidst evolving customer expectations and technological advancements. Additionally, the report discusses the increasing focus on digital solutions, particularly in First Notice of Loss (FNOL) processes, and the role of claims administration systems. It highlights the growing integration of artificial intelligence (AI) in claims processing and the anticipated future developments in claims management. The document serves as a comprehensive examination of the current state of P&C claims and the strategic directions insurers are taking to enhance their operations and customer service in the aftermath of the pandemic.